The latest report by IMARC Group, titled “GCC Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the GCC dairy market growth. The GCC dairy market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.59% during 2024-2032.
GCC Dairy Affecting the Growth of the Industry:
- Rising population and urbanization:
One of the primary factors fueling the GCC dairy market is the region's steadily growing population and rapid urbanization. As urban centers expand, there is an increased demand for convenient and readily available dairy products. The growing population, coupled with rising disposable incomes, has led to changes in dietary preferences and an inclination towards more nutritious and convenient food options such as dairy products, creating a positive outlook for market expansion. Concurrent with this, the urban lifestyle, marked by hectic schedules, has further driven the demand for processed and on-the-go dairy products, such as yogurt, milk-based beverages, and ready-to-eat dairy snacks, thus strengthening the market growth.
- Emerging trends of health and wellness:
The growing awareness and emphasis on health and wellness are presenting lucrative opportunities for market expansion. Consumers in the region are increasingly prioritizing health-conscious choices, leading to a surge in demand for functional and fortified dairy products enriched with probiotics, prebiotics, vitamins, and minerals, as they are perceived to offer additional health benefits, thus aiding in market expansion. Moreover, the rising prevalence of lactose intolerance spurring the demand for lactose-free and alternative dairy products, such as almond milk and soy milk is providing an impetus to the market growth.
- Favorable government initiatives and investments:
The implementation of supportive governmental policies and investment in the dairy sector is acting as another significant growth-inducing factor. Several governments in the region are actively promoting self-sufficiency in food production, including dairy products. Initiatives encompassing subsidies, incentives, and infrastructure development are encouraging local dairy production, thereby reducing dependence on imports. This focus on domestic production aligns with broader economic diversification strategies in the GCC nations, fostering sustainability and food security. Additionally, extensive investments in research and development (RD) to enhance the quality and efficiency of dairy production are contributing to the market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-dairy-market/requestsample
Leading Companies Operating in the GCC Dairy Industry:
- Al Ain Farms
- Al Rawabi Dairy Company
- Almarai Company
- Arla Foods amba
- Fonterra Co-operative Group Limited
- Lactalis Group
- National Agricultural Development Company (NADEC)
- Nestlé S.A.
- Saudia Dairy Foodstuff Company (SADAFCO)
- Al Safi - Danone
- GCMMF
GCC Dairy Market Report Segmentation:
By Product:
- Liquid Milk
- Cheese
- Laban
- Yogurt and Curd
- Butter and Clarified Butter
- Others
Based on the process, the market has been segmented into liquid milk, cheese, laban, yogurt and curd, butter and clarified butter, and others.
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Stores
- Others
On the basis of the distribution channel, the market is classified into supermarkets and hypermarkets, convenience stores, specialist retailers, online stores, and others.
By Application:
- Bakery and Confectionary
- Clinical Nutrition
- Frozen Food
- Others
Based on application, the market has been categorized into bakery and confectionary, clinical nutrition, frozen food, and others.
Regional Insights:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
On the basis of country, the market is segregated into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.
GCC Dairy Market Trends:
The escalating consumer concern about environmental impact and animal welfare spurring the demand for sustainable and ethically sourced dairy products is fueling the market growth. In confluence with this, the shifting preference for eco-friendly packaging, organic farming methods, and transparent supply chains in the dairy industry across GCC nations is fostering market expansion. Furthermore, the burgeoning trend in personalized nutrition is propelling the market growth, as consumers are increasingly seeking dairy products tailored to their specific dietary needs, preferences, and health goals. Apart from this, the increasing demand for customized dairy formulations, including lactose-free options, protein-enriched products, and specialized formulations catering to diverse nutritional requirements is facilitating market expansion.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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